Report submitted to revenue secretary for changes in GST; GST


GST LAW PANEL has given more than 100 recommendations but some of them are as follows:

  • Reverse Charge Mechanism should be abolished
  • E-Way bill should be deferred till 2019 and efforts may be made to bring some alternate method in place of E-Way Bill.
  • Inter-state transactions should be allowed in Composition Scheme.
  • 1% tax in Composition for traders, manufacturers and restaurants.
  • Refund process should be automated
  • In place of all other returns there should be a single consolidated return.
  • Return process should be simplified and rationalised.
  • The ITC should be released within same month. Matching and adjustment may be done later.
  • FORM 3B is to be continued till March 2018
  • Return should be filed quarterly but tax may be paid monthly.
  • Doing away with HSN code in the invoice for easier return filing.
  • Classification of items should be such that the raw material and finished product are in the same slab. This would make refunds process easier.
  • Exempted or Nil rated goods should not be counted in aggregate turnover.
  • All job work should be taxed@5%
  • Service providers should also be allowed to take composition schemes
  • Allowing revision in returns.
  • Formation of a National Advance Ruling Authority
  • Search/raid only if Authority is having credible evidence against a person and that too only with orders of Commissioner.
  • Scrutiny of returns should be 0.5% to 1% only.
  • Registration of persons even after July should be granted registration with retrospective effect from 1st July 2017
  • Purchasers can claim ITC provided have made payment of tax and received the goods. If the supplier does not pay tax the purchaser cannot be asked to reverse the credit.
  • GST on interest charged for late payment should not be charged.
  • The formula of deemed credit to weavers and fabric traders on the stock was held as of 30.6.2017.
  • No requirement of reversal of VAT credit in the absence of Form C, F, H.
  • ITC on business expenses like, food, insurance, the gift to employees, business assets
  • Consolidated debit note instead of invoice-wise debit note.
  • Threshold exemption of Rs.20lakhs to all types of commission agents
  • The place of supply in many cases should be the registered place of the recipient in the case of B2B transactions.
  • Withdrawal of Form ITC-4.
  • Many relaxations to the casual taxable person.
  • Common tax pool for payment of tax.
  • No restrictions on refund of accumulated credit.
  • Premises of assessee cannot be visited casually by the officers, prior written permission of the Commissioner required
  • No penalty in case of the wrong classification
  • No denial of credit on the purchases made from 1.7.2017 till the date of registration for textile traders and another segment as well.


​The panel received more than 700 representations on problems faced by industry over return filing, the E-way bill, Input tax credit, and Exports.

All the above Recommendations are some major out of many more Recommendations of A 6 -Member Advisory Group set up by Ministry of Finance on 2nd November 2017 and Group was asked to submit its report by 30th November on proposed changes in GST Act.

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